Income Tax (Trading and Other Income) Act 2005

Reverse premiums

This adran has no associated Nodiadau Esboniadol

72(1)Section 311 does not apply to a reverse premium—

(a)which was received before 9th March 1999, or

(b)to which the recipient was entitled immediately before that date.

(2)In determining whether a reverse premium was one to which the recipient was entitled immediately before 9th March 1999, no account is to be taken of any arrangements made on or after that date.